BS Trend Indicator

BS Trend Indicator is a trend following indicators that simple histogram based . It uses a separate window below the main chart and generates the trend signals in a very easy to read that can be used by any newbie trader.

BS Trend Indicator can also used for the scalping trade due to it produces signals very frequently. It can give 3 to 5 signals within a day depending on the market condition. If you want to use it to scalp, better trades it on major currency pair. The BS Trend Indicator plots bars above and below a center line (zero line) and forms a histogram. The bars closing the upper side of the zero line are colored blue and represent a bullish trend. On the other hand the bars that form below zero line are purple in color and they represent a bearish trend.

BS Trend Indicator is suitable to all major forex currency pairs. Besides, it fits with any timeframe charts available at trading platform.

After this indicator has been installed at  MT4 terminal, the main trading chart will appear as like as following figure:

BS Trend Indicator

BUY Entry

• Place a buy order when the bars of histogram formed turns blue color. 
• Set stop loss below the recent swing low
• Close buy order when the color of the indicators bars turns purple color.

SELL Entry

• Place a sell order when the bars of histogram formed turns purple color. 
• Set stop loss below the recent swing high.
• Close sell order when the color of the indicators bars turns blue color.

BS Trend Indicator

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Read Also :
XTC Trend Following Forex Indicator
Trend Magic Indicator